The Moat Index
Compare moats, side by side.
Two to four companies, scored on the same five investor questions from their SEC filings — so the comparison is apples to apples. The method is fully public.
JOCM · Technology · Narrow moat
On the watchlist
The returnsOnCapital component abstained: Not enough years of ROIC data to score returns on capital. The other four 20% weights were renormalized over the scored 80%.
ESMR · Technology · Narrow moat
On the watchlist
The returnsOnCapital component abstained: Not enough years of ROIC data to score returns on capital. The other four 20% weights were renormalized over the scored 80%.
BNZI · Technology · Narrow moat
On the watchlist
The returnsOnCapital component abstained: Not enough years of ROIC data to score returns on capital. The other four 20% weights were renormalized over the scored 80%.
| Measure | JOCM | ESMR | BNZI | MU |
|---|---|---|---|---|
| Moat Score (0–100) | 62 (highest) | 62 (highest) | 62 (highest) | 62 (highest) |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 45 | 70 | 57 | 86 (highest) |
| Pricing power | 100 (highest) | 100 (highest) | 91 | 37 |
| Returns on capital | — | — | — | 61 |
| Balance-sheet safety | 78 | 55 | 55 | 96 (highest) |
| Capital allocation | 24 | 24 | 44 (highest) | 28 |
| No price data | No price data | No price data | 1487% above value if growth stopped today | |
| Market cap | $77.5M | Not reported | $23.2M | $1.03T |
| Moat tier | Narrow moat | Narrow moat | Narrow moat | Narrow moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2025 |